In the company’s first quarterly report since going public in October, Rent the Runway executives said they see massive opportunities for customer acquisition in the coming years as well as potential to move beyond clothing and accessories, even as subscriber counts remain deflated versus pre-pandemic...
Seeing losses in the fiscal Q3, GameStop also saw its shares fall by 4%, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Fashion rental platform Rent the Runway saw its shares falling over 13% as it posted broader third-quarter losses, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In today’s top retail news, Stitch Fix is focusing on its new Freestyle direct purchase feature to make up for its suffering subscription business, while supply chain issues are causing more headaches for production of new Apple products. Also, Wayfair is planning to open three...
Walmart Canada and Interac Corp. have partnered to offer the retailer’s customers the ability to pay with Interac Debit for online purchases at Walmart.ca and in-app using Apple Pay, according to a Wednesday (Dec. 8) press release. Get the Full Story Complete the form to unlock this...
Few, if any, remote workers are complaining about the work from home (WFH) uniform of sweatpants, or giving up the commute, but for millions of workers and thousands of businesses that can’t operate remotely — from restaurants to retail stores — remote work isn’t working. ...
Danish toy maker Lego is building a $1 billion factory in Vietnam as demand for the toy bricks across Asia continues to grow, according to a report on Wednesday (Dec. 8) in The Wall Street Journal. Get the Full Story Complete the form to unlock...
iPhone and iPad assembly stopped for several days in October — usually one of the busiest times of the year ahead of the holiday rush — because of global supply chain bottlenecks and power use restrictions in China, sources with knowledge of the predicament told...
With the automotive microchip shortage expected to last well into 2022, prices for new and used cars remain elevated, leading many consumers to consider repairs and better upkeep of their vehicles over outright replacement. Get the Full Story Complete the form to unlock this article...
